ARM Holdings, a leading designer of chips for mobile devices, said that revenues fell 10% to $121 million in the first quarter of 2009.
ARM said that semiconductor industry activity continued to slow in the first quarter and, whilst there are early signs of improving visibility in some sectors, the near term remains uncertain.
The UK-based company also reported that shipments of ARM-based chips into mobile devices were down about 16% in the first quarter compared with a year ago, whilst the overall number of chips being shipped into mobiles was down about 25%. source: ARM statement
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